Resource rent taxes

The new minerals resource rent tax and the extended petroleum resource rent tax arrangements applied from 1 July 2012.

Our focus was on up-front compliance strategies, including commencing negotiations on annual compliance arrangements to provide practical certainty for these taxpayers. Our reviews of minerals resource rent tax payers concentrated on their readiness for the new arrangements. We kept them informed of administrative decisions affecting their compliance obligations, while for existing petroleum resource rent taxpayers we focused on claims made for deductible and exploration expenditure.

Our commitment to you

We are committed to providing you with accurate, consistent and clear information to help you understand your rights and entitlements and meet your obligations.

If you follow our information and it turns out to be incorrect, or it is misleading and you make a mistake as a result, we will take that into account when determining what action, if any, we should take.

Some of the information on this website applies to a specific financial year. This is clearly marked. Make sure you have the information for the right year before making decisions based on that information.

If you feel that our information does not fully cover your circumstances, or you are unsure how it applies to you, contact us or seek professional advice.